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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: rrufff who wrote (24166)9/28/2004 9:43:57 PM
From: Elroy JetsonRead Replies (1) of 306849
 
The typical home index is greatly influence by which homes sell. An example is the Median Sales Price from MLS data which is put into press releases by various Realtor groups and data repositories like Dataquick.

What you want is a Same-Home Index which is rare but accurate. One example is the home index for various California regions produced by the non-profit Real Estate Research Council based at Cal State Pomona. Their Los Angeles index has been carefully maintained since 1895 by their membership of the most prominent appraisers in California (such as the head of the appraisal departments for Wells Fargo and Bank of America.

csupomona.edu

Needless to say, every large lender and home builder subscribes to this information so they know the actual truth.
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